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Business News
Federal Reserve Chair Jerome Powell working from home after testing positive for COVID-19
Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing symptoms
May 17, 2024Home prices are soaring. Is this another bubble?
"It's a strange market that seems like an anomaly," one expert said.
May 11, 2024Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it's 2021
The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and sent prices of those stocks surging overnight
May 13, 2024
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Latest Business Video
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22 minutes ago
New endangered listing for rare lizard could slow oil and gas drilling in New Mexico and West Texas
Federal wildlife officials have declared a rare lizard in southeastern New Mexico and West Texas an endangered species
22 minutes ago
2 hours ago
How major US stock indexes fared Friday, 5/17/2024
U.S. stocks drifted to a mostly higher close on Wall Street, marking their fourth winning week in a row
2 hours ago
2 hours ago
Mercedes-Benz workers in Alabama vote 'no' to joining union
The defeat follows a UAW victory at a Volkswagen plant in Tennessee last month.
2 hours ago
2 hours ago
Employees at Alabama Mercedes plants vote 56% against union, slowing United Auto Workers’ organizing drive in the South
Employees at Alabama Mercedes plants vote 56% against union, slowing United Auto Workers’ organizing drive in the South
2 hours ago
3 hours ago
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery rose 83 cents to $80.06 per barrel Friday
3 hours ago
3 hours ago
Police conclude investigation into suicide of Boeing whistleblower
Police say a former Boeing manager who raised safety questions about the aircraft maker took his own life
3 hours ago
3 hours ago
Vindicated by Supreme Court, CFPB director says bureau will add staff, consider new rules on banks
Since its creation roughly 14 years ago, the Consumer Financial Protection Bureau has faced lawsuits, political and legal challenges to the idea of whether the Federal Government’s aggressive consumer financial watchdog agency should be allowed exist a...
3 hours ago
4 hours ago
A former OpenAI leader says safety has 'taken a backseat to shiny products' at the AI company
A former OpenAI leader who resigned from the company earlier this week says that product safety has “taken a backseat to shiny products” at the influential artificial intelligence company
4 hours ago
May 17
Federal Reserve Chair Jerome Powell working from home after testing positive for COVID-19
Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing symptoms
May 17
May 17
Boeing shareholders approve CEO's compensation as company faces investigations, possible prosecution
Boeing shareholders have approved CEO David Calhoun’s $32.8 million compensation
May 17
May 17
Chicago Tribune staffers' unequal pay lawsuit claims race and sex discrimination
The Chicago Tribune is being sued by some of its staffers, who say they and other women and Black journalists are being paid less than their white male counterparts
May 17
May 17
Subway commuters in Buenos Aires see fares spike by 360% as part of austerity campaign in Argentina
Commuters in Buenos Aires are being hit by an abrupt 360% increase in subway fares
May 17
May 17
California's scenic Highway 1 to Big Sur opens to around-the-clock travel as slide repair advances
A section of California’s scenic Highway 1 leading to the famous Big Sur coast has reopened to around-the-clock traffic
May 17
May 17
In Cannes, Francis Ford Coppola talks Trump, self-financing 'Megalopolis' and why he has no regrets
Much attention has been paid to the $120 million of his own fortune that Francis Ford Coppola put up to make the futuristic epic “Megalopolis.”
May 17
May 17
Take-Two Interactive, RBC Bearings rise; Cracker Barrel, Flowers Foods fall, Friday, 5/17/2024
Stocks that traded heavily or had substantial price changes on Friday: Take-Two Interactive, RBC Bearings rise; Cracker Barrel, Flowers Foods fall
May 17
May 17
NOT REAL NEWS: A look at what didn't happen this week
Social media users shared a range of false claims this week
May 17
May 17
Federal judge hears challenges to NYC’s fee for drivers into Manhattan
New York’s first-in-the-nation plan to levy a hefty toll on drivers entering Manhattan is the focus of a legal battle playing out in federal court
May 17
May 17
The unofficial spokesman for the American muscle car, Tim Kuniskis, is retiring
The CEO of the Ram and Dodge brands and the unofficial voice of American muscle cars is retiring from Stellantis after nearly 32 years
May 17
May 17
UK watchdog decides not to investigate Microsoft's AI partnership with France's Mistral
British regulators say they don’t need to open a competition investigation into Microsoft’s partnership with French artificial intelligence company Mistral, a month after asking for industry feedback on the deal
May 17
May 17
OpenAI, Reddit teaming in deal that will bring Reddit's content to ChatGPT
OpenAI and Reddit are teaming up in a deal that will bring the social media platform’s content to ChatGPT
May 17
May 17
An annual rich list says Paul McCartney is Britain's first billionaire musician
Paul McCartney is a billionaire Beatle
May 17
May 17
Abu Dhabi, once an untapped desert city, sees its first brewery open as UAE relaxes its alcohol laws
In 2018, Chad McGehee opened Side Hustle Brews and Spirits, an Abu Dhabi-branded brewery and distillery with funky camels on its cans and playful names familiar to anyone living in the United Arab Emirates
May 17
May 17
'Overlooked' workers who train AI can face harsh conditions, advocates say
Millions of workers worldwide help assemble vast amounts of AI training data.
May 17
May 17
German council approves a revised plan by Tesla to expand its plant near Berlin
A local council in Germany has approved a plan by electric carmaker Tesla to expand the grounds of its first plant in Europe, a proposal which has drawn persistent protests this year
May 17
May 17
Stock market today: Dow finishes above 40,000 to cap Wall Street’s latest winning week
The Dow Jones Industrial Average finished a day above the 40,000 level for the first time as U.S. stock indexes drifted around their record heights to close their latest winning week
May 17
May 17
China is expected to announce new measures to fix its property crisis, spur growth
China has announced fresh measures to revive its ailing property industry after the latest data showed housing prices slumped further in April
May 17
May 17
NRA kicks off annual meeting as board considers successor to longtime leader Wayne LaPierre
The National Rifle Association is kicking off its annual meeting in downtown Dallas, gathering for the first time in decades without Wayne LaPierre at the helm as board members prepare to elect his replacement
May 17
May 17
Putin concludes a trip to China by emphasizing its strategic and personal ties to Russia
Russian President Vladimir Putin is concluding a two-day visit to China by emphasizing the countries' strategic ties as well as his own personal relationship with Chinese leader Xi Jinping as they seek to present an alternative to U.S. global influence
May 17
May 17
Alabama Mercedes employees overwhelmingly vote against joining union, slowing UAW effort in South
Workers at two Mercedes-Benz factories near Tuscaloosa, Alabama, have voted overwhelmingly against joining the United Auto Workers
May 17
May 17
Taiwan is selling more to the US than China in major shift away from Beijing
Taiwan is reducing its reliance on the Chinese mainland as it seeks to insulate itself from pressure from Beijing and forge closer economic and trade ties with the United States
May 17
May 16
UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024
The United Nations is reporting improved economic prospects since its January forecast for the global economy, pointing to a better outlook in the United States and several large emerging economies including Brazil, India and Russia
May 16
May 16
Google wants judge, not jury, to decide upcoming antitrust case in Virginia
Google is asking that a federal judge, rather than a jury, decide whether it violated U.S. antitrust laws by building a monopoly on the technology that powers online advertising
May 16
May 16
Key Boeing supplier Spirit AeroSystems is laying off 450 after production of troubled 737s slows
A key Boeing supplier that makes the fuselages for its popular 737 Max airplanes is laying off about 450 workers
May 16
May 16
Theft of more than 400 vehicles in Michigan leads to the arrest of 6 men
Six men face charges in connection with the theft of more than 400 vehicles worth about $8 million in Michigan
May 16
May 16
US Coast Guard says early estimates show barge collision in Galveston may have spilled up to 2,000 gallons of oil
US Coast Guard says early estimates show barge collision in Galveston may have spilled up to 2,000 gallons of oil
May 16
May 16
Joint streaming venture involving ESPN, Fox, Warner Bros. Discovery will be called Venu Sports
The sports streaming platform planned by ESPN, Fox and Warner Bros
May 16
May 16
Philadelphia still the 6th-biggest U.S. city, but San Antonio catching up, census data shows
New federal estimates show Philadelphia remains the nation’s sixth-most-populous city, despite a decline in population throughout the pandemic
May 16
May 16
The Dow crosses 40,000 for the first time in history
The Dow is now up about 6% so far this year.
May 16
May 16
How major US stock indexes fared Thursday, 5/16/2024
U.S. stocks drifted to a mixed close near their record levels after the Dow Jones Industrial Average briefly topped the 40,000 level for the first time
May 16
May 16
Justice Dept. makes arrests in North Korean identity theft scheme involving thousands of IT workers
The Justice Department has announced multiple arrests in a series of complex stolen identity theft cases that officials say are part of a wide-ranging scheme that generates enormous proceeds for the North Korean government, including for its weapons pr...
May 16
May 16
McDonald's plans $5 US meal deal next month to counter customer frustration over high prices
McDonald’s is planning to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customers’ frustration with high prices
May 16
May 16
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery rose 60 cents to $79.23 per barrel Thursday
May 16
May 16
More trouble in Belgium for Miami-based 777 Partners after court authorizes seizure of assets
A Belgian court has ruled that all assets in the country belonging to American investment group 777 Partners can be seized, in the latest legal setback for the embattled company that owns Standard Liège and several other soccer clubs
May 16
May 16
Donor and consultant convicted again of trying to bribe North Carolina's insurance commissioner
A major North Carolina political donor and his associate have been convicted a second time of attempting to bribe the state's insurance commissioner to secure preferential regulatory treatment for his insurance business
May 16
May 16
Dow hits 40,000 for the 1st time
This is a significant and symbolic milestone for the index that tracks 30 of the most valuable publicly traded companies in the U.S.
May 16
May 16
US proposes ending new federal leases in nation's biggest coal region
The Biden administration has proposed an end to new coal leasing from federal reserves in the most productive coal mining region of the U.S. The move announced Thursday would limit future climate-changing greenhouse gas emissions from burning the fuel
May 16
May 16
Bike shops boomed early in the pandemic. It’s been a bumpy ride for most ever since
For the nation’s bicycle shops, the past few years have probably felt like the business version of the Tour de France
May 16
May 16
The Dow closed above 40,000 for the first time. The number is big but means little for your 401(k)
Through its long history, the Dow Jones Industrial Average has offered a way for people to get a quick read on how Wall Street is doing
May 16
May 16
Justice Department formally moves to reclassify marijuana as a less dangerous drug in historic shift
The Justice Department has formally moved to reclassify marijuana as a less dangerous drug, a historic shift in generations of U.S. drug policy
May 16
May 16
Justice Department formally moves to reclassify marijuana as a less dangerous drug in a historic shift in US drug policy
Justice Department formally moves to reclassify marijuana as a less dangerous drug in a historic shift in US drug policy
May 16